10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x Quarterly report pursuant to section 13 or 15(d) of the Securities Act of 1934.

For the quarterly period ended September 30, 2009

or

¨ Transition report pursuant to section 13 or 15(d) of the Securities Act of 1934.

Commission File No. 0-3026

PARADISE, INC.

INCORPORATED IN FLORIDA

I.R.S. EMPLOYER IDENTIFICATION NO. 59-1007583

1200 DR. MARTIN LUTHER KING, JR. BLVD.,

PLANT CITY, FLORIDA 33566

(813) 752-1155

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x

Indicate by check mark whether the registration is a shell company (as defined in Rule 125-2 of the Exchange Act)    Yes  ¨    No  x

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ¨    No  ¨

The number of shares outstanding of each of the issuer’s classes of common stock:

Class	Outstanding as of September 30,
	2009	2008
Common Stock $0.30 Par Value	519,350 Shares	519,350 Shares

PARADISE, INC.

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2009

INDEX

		PAGE
PART I.	FINANCIAL INFORMATION
	ITEM 1. FINANCIAL STATEMENTS	2-9
	ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	10-12
	ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK – N/A	13
	ITEM 4T. CONTROLS AND PROCEDURES	13
PART II.	OTHER INFORMATION
	ITEMS 1 – 6.	13-14
SIGNATURES		14

PARADISE, INC. COMMISSION FILE NO. 0-3026

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

PARADISE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	AS OF SEPTEMBER 30, 2009 (UNAUDITED)		AS OF DECEMBER 31, 2008		AS OF SEPTEMBER 30, 2008 (UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash and Unrestricted Demand Deposits	$	441,681	$	2,045,796	$	237,274
Accounts and Notes Receivable, Less Allowances of $0 (9/30/09), $0 (12/31/08) and $0 (9/30/08)		7,344,418		829,773		8,286,262
Inventories:
Raw Materials		3,264,429		1,950,486		3,338,418
Work in Process		458,144		956,745		606,638
Finished Goods		8,471,373		7,136,830		9,464,314
Deferred Income Tax		265,222		325,584		470,929
Prepaid Expenses and Other Current Assets		774,515		440,636		591,861
TOTAL CURRENT ASSETS		21,019,782		13,685,850		22,995,696
Property, Plant and Equipment, Less Accumulated Depreciation of $17,283,495 (9/30/09), $16,820,680 (12/31/08) and $16,662,392 (9/30/08)		4,876,680		5,191,773		5,345,131
Intangible Asset, Net		848,874		943,287		974,759
Goodwill		413,280		413,280		413,280
Deferred Charges and Other Assets		248,165		319,661		383,238
TOTAL ASSETS	$	27,406,781	$	20,553,851	$	30,112,104

See Accompanying Notes to these Consolidated Financial Statements (Unaudited)

2

LIABILITIES AND STOCKHOLDERS’ EQUITY

	AS OF SEPTEMBER 30, 2009 (UNAUDITED)			AS OF DECEMBER 31, 2008			AS OF SEPTEMBER 30, 2008 (UNAUDITED)
CURRENT LIABILITIES:
Notes and Trade Acceptances Payable	$	7,152,645		$	373,538		$	9,590,576
Current Portion of Long-Term Debt		267,619			435,953			456,571
Accounts Payable		922,336			689,673			712,608
Accrued Liabilities		1,012,194			1,153,395			1,174,292
Income Taxes Payable		171,037			124,321			221,947
TOTAL CURRENT LIABILITIES		9,525,831			2,776,880			12,155,994
LONG-TERM DEBT, NET OF CURRENT PORTION		4,483			93,236			359,068
DEFERRED INCOME TAX LIABILITY		223,891			284,253			297,373
TOTAL LIABILITIES		9,754,205			3,154,369			12,812,435
STOCKHOLDERS’ EQUITY:
Common Stock: $.30 Par Value, 2,000,000 Shares Authorized, 583,094 Shares Issued, 519,350 Shares Outstanding		174,928			174,928			174,928
Capital in Excess of Par Value		1,288,793			1,288,793			1,288,793
Retained Earnings		16,840,298			16,587,204			16,440,733
Accumulated Other Comprehensive Loss		(374,524	)		(374,524	)		(327,866	)
Treasury Stock, at Cost, 63,744 Shares		(276,919	)		(276,919	)		(276,919	)
Total Stockholders’ Equity		17,652,576			17,399,482			17,299,669
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	27,406,781		$	20,553,851		$	30,112,104

See Accompanying Notes to these Consolidated Financial Statements (Unaudited)

3

PARADISE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

	FOR THE THREE MONTHS ENDED SEPTEMBER 30,
	2009		2008
Net Sales	$	9,402,504	$	10,934,756
Costs and Expenses:
Cost of Goods Sold (excluding Depreciation)		6,639,539		7,821,324
Selling, General and Administrative Expense		1,212,048		1,273,275
Depreciation and Amortization		195,365		193,888
Interest Expense		57,654		104,673
Total Costs and Expenses		8,104,606		9,393,160
Income from Operations		1,297,898		1,541,596
Other Income		1,911		197
Income from Operations Before Provision for Income Taxes		1,299,809		1,541,793
Provision for Income Taxes		493,927		583,057
Net Income	$	805,882	$	958,736
Income per Common Share	$	1.55	$	1.85

See Accompanying Notes to these Consolidated Financial Statements (Unaudited)

4

PARADISE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

	FOR THE NINE MONTHS ENDED SEPTEMBER 30,
	2009		2008
Net Sales	$	13,689,103	$	16,161,642
Costs and Expenses:
Cost of Goods Sold (excluding Depreciation)		9,677,514		11,546,571
Selling, General and Administrative Expense		2,877,818		2,921,734
Depreciation and Amortization		587,444		585,361
Interest Expense		99,354		158,111
Total Costs and Expenses		13,242,130		15,211,777
Income from Operations		446,973		949,865
Other Income		3,125		27,021
Income from Operations Before Provision for Income Taxes		450,098		976,886
Provision for Income Taxes		171,037		371,216
Net Income	$	279,061	$	605,670
Income per Common Share	$	0.54	$	1.17
Dividends paid per Common Share	$	0.05	$	0.10

See Accompanying Notes to these Consolidated Financial Statements (Unaudited)

5

PARADISE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	FOR THE NINE MONTHS ENDED SEPTEMBER 30,
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	279,061		$	605,670
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities:
Depreciation and Amortization		587,444			585,361
Decrease (Increase) in:
Accounts Receivable		(6,514,646	)		(6,510,469	)
Inventories		(2,149,885	)		(5,831,364	)
Prepaid Expenses		(88,911	)		(118,985	)
Other Assets		41,280			(4,034	)
Income Tax Receivable		(244,968	)		0
Increase (Decrease) in:
Accounts Payable		232,663			(34,294	)
Accrued Expense		(141,201	)		(580,099	)
Income Tax Payable		46,716			(25,165	)
Net Cash Used in Operating Activities		(7,952,447	)		(11,913,379	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and Equipment		(147,719	)		(304,040	)
Net Cash Used in Investing Activities		(147,719	)		(304,040	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Proceeds of Short-Term Debt		6,613,745			9,436,087
Principal Payments of Long-Term Debt		(91,726	)		(122,666	)
Dividends Paid		(25,968	)		(51,935	)
Net Cash Provided by Financing Activities		6,496,051			9,261,486
Net Decrease in Cash		(1,604,115	)		(2,955,933	)
CASH AT BEGINNING OF PERIOD		2,045,796			3,193,207
CASH AT END OF PERIOD	$	441,681		$	237,274
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:
Cash paid for:
Interest	$	86,979		$	133,361
Income Tax		430,581			396,382
Net Supplemental Cash Flows	$	517,560		$	529,743

During the nine months ended September 30, 2009, the Company entered into a revolving line of credit agreement and used the proceeds to payoff existing debt totalling $5,704,412.

See Accompanying Notes to these Consolidated Financial Statements (Unaudited)

6

PARADISE, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 Basis of Presentation

The accompanying unaudited consolidated financial statements of Paradise, Inc. (the “Company”) have been prepared by the Company in accordance with generally accepted accounting principles for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for annual financial statements.

The information furnished herein reflects all adjustments and accruals that management believes is necessary to fairly state the operating results for the respective periods. The notes to the financial statements should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s Form 10-K for the year ended December 31, 2008. The Company’s management believes that the disclosures are sufficient for interim financial reporting purposes.

Note 2 Net Income per Share

Net income per share, assuming no dilution, are based on the weighted average number of shares outstanding during the period: 519,350 (2009 and 2008).

Note 3 Revolving Line of Credit Agreement

On June 23, 2009, Paradise, Inc. renewed its revolving line of credit with another financial institution for a two year period. This bank has agreed to advance Paradise, Inc. 80% of the Company’s eligible receivables and up to 60% of the Company’s inventory for a maximum amount of $12,000,000. Interest is payable monthly and is computed from a daily floating rate equal to the Libor rate plus an applicable margin.

This agreement is subject to certain conditions which must be met for the Company to continue borrowing, including debt service coverage and debt to equity ratios and other financial covenants. The loan agreement is secured by all of the Company’s assets, whether tangible or intangible.

7

PARADISE, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 4 Business Segment Data

The Company’s operations are conducted through two business segments. These segments, and the primary operations of each, are as follows:

Business Segment	Operation
Fruit	Production of candied fruit, a basic fruitcake ingredient, sold to manufacturing bakers, institutional users, and retailers for use in home baking. Also, based on market conditions, the processing of frozen strawberry products, for sale to commercial and institutional users such as preservers, dairies, drink manufacturers, etc.
Molded Plastics	Production of plastics containers and other molded plastics for sale to various food processors and others.

	Nine Months Ended September 30, 2009		Year Ended December 31, 2008		Nine Months Ended September 30, 2008
Net Sales in Each Segment
Fruit:
Sales to Unaffiliated Customers	$	8,751,398	$	17,498,939	$	10,134,366
Molded Plastics:
Sales to Unaffiliated Customers		4,937,705		8,116,506		6,027,276
Net Sales	$	13,689,103	$	25,615,445	$	16,161,642

For the nine month period ended, September 30, 2009 and 2008, sales of frozen strawberry products totaled $268,617 and $332,944, respectively. Sales of frozen strawberry products for the year ended December 31, 2008 totaled $332,944.

The Company does not account for intersegment transfers as if the transfers were to third parties.

8

PARADISE, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 4 Business Segment Data (Continued)

The Company does not prepare operating profit or loss information on a segment basis for internal use, until the end of each year. Due to the seasonal nature of the fruit segment, management believes that it is not practical to prepare this information for interim reporting purposes. Therefore, reporting is not required by generally accepted accounting principles.

Identifiable Assets of Each Segment are Listed Below	September 30, 2009		December 31, 2008		September 30, 2008
Fruit	$	19,975,286	$	10,776,684	$	21,680,956
Molded Plastics		4,987,337		5,734,874		6,006,208
Identifiable Assets		24,962,623		16,511,558		27,687,164
General Corporate Assets		2,444,158		4,042,293		2,424,940
Total Assets	$	27,406,781	$	20,553,851	$	30,112,104

Identifiable assets by segment are those assets that are principally used in the operations of each segment. General corporate assets are principally cash, land and buildings, and investments.

Note 5 Subsequent Event

The Company has evaluated events and transactions for potential recognition or disclosure in the financial statements through November 13, 2009, the date of issuance of these financial statements.

9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact should be considered “forward-looking statements” for the purpose of these provisions, including statements that include projections of, or expectations about, earnings, revenues or other financial items, statements about our plans and objectives for future operations, statements concerning proposed new products or services, statements regarding future economic conditions or performance, statements concerning our expectations regarding the attraction and retention of customers, statements about market risk and statements underlying any of the foregoing. In some cases, forward-looking statements can be identified by the use of such terminology as “may”, “will”, “expects”, “potential”, or “continue”, or the negative thereof or other similar words. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations or any of our forward-looking statements will prove to be correct. Actual results and developments are likely to be different from, and may be materially different from, those expressed or implied by our forward–looking statements. Forward-looking statements are subject to inherent risks and uncertainties.

Overview

Paradise, Inc.’s main business segment, glace’ fruit, a prime ingredient of fruitcakes and other holiday confections, represented 68.3% of total net sales during 2008. These products are sold to manufacturing bakers, institutional users, supermarkets and other retailers throughout the country. Consumer demand for glace’ fruit product is traditionally strongest during the Thanksgiving and Christmas season. Almost 80% of glace’ fruit product sales are recorded during the eight to ten weeks beginning in mid September.

Since the majority of the Company’s customers require delivery of glace’ candied fruit products during this relatively short period of time, Paradise, Inc. must operate at consistent levels of production from as early as January through the middle of November of each year in order to meet peak demands. Furthermore, the Company must make substantial borrowings of short-term working capital to cover the cost of raw materials, factory overhead and labor expense associated with production for inventory. This combination of building and financing inventories during the year, without the opportunity to record any significant fruit product income, results in the generation of operating losses well into the third quarter of each year. Therefore, it is the opinion of management that meaningful forecasts of annual net sales or profit levels require analysis of a full year’s operations.

10

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)

Overview (Continued)

In addition, comparison of current quarterly results to the preceding quarter produces an incomplete picture on the Company’s performance due to year-to-year changes in production schedules, seasonal harvests and availability of raw materials, and in the timing of customer orders and shipments. Thus, the discussion of information presented within this report is focused on the review of the Company’s current year-to-date results as compared to the similar period last year.

Paradise’s other business segment, Paradise Plastics, Inc., a wholly owned subsidiary of Paradise, Inc., produces custom molding products that is not subject to the seasonality of the glace’ fruit business. This segment represents all injection molding and thermoforming operations, including the packaging for the Company’s fruit products. Only sales to unaffiliated customers are reported.

The First Nine Months

Paradise, Inc.’s fruit segment net sales decreased 13.6% compared to the similar reporting period last year, as customers concerned with the uncertainty surrounding the economy have delayed their purchase orders and subsequent shipping dates to the start of the fourth quarter for 2009 compared to the third quarter of 2008. Paradise, Inc. has been consistent in all previous filings to disclose that quarterly reports for highly seasonal fruit segment net sales are not reliable indicators of year-end results. The Company must wait until the end of the holiday buying season to determine if consumer demands for its glace’ fruit products have resulted in a successful level of net sales activity.

Paradise Plastics, Inc., a wholly owned subsidiary of Paradise, Inc., decreased 18.1% in net sales to unaffiliated customers for the first nine months of 2009 compared to the similar reporting period of 2008. This decrease is primarily caused by the downturn in the housing industry as existing customers directly related to the housing market have scaled back their level of custom molding orders over the past year. Furthermore, Paradise Plastics, Inc.’s customers in other industries have also reduced their level of orders as demand for all types of custom molding products has slowed during the first nine months of 2009 compared to 2008.

11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)

The First Nine Months (Continued)

As a result of the decrease in net sales activity mentioned above, and as previously reported in the Company’s second quarter 2009 filing, Paradise, Inc.’s Board of Directors implemented the following cost cutting actions effective May, 2009. Executive salaries were reduced 15%. Salary employees weekly paychecks were reduced 10% and the 4% merit increase awarded to all hourly paid employees as of January 1, 2009 was rescinded. In addition, management terminated or eliminated 15 full- time positions during the month of May, 2009. The Company anticipates the direct financial impact of these actions will result in savings in excess of $550,000 for the remainder of 2009.

Consolidated cost of sales, as a percentage of net sales, remained consistent during the first nine months of 2009 compared to the similar reporting period of 2008. Inventory as of September 30, 2009 decreased $1,215,424 compared to inventory levels as of September 30, 2008 as Paradise, Inc’s management took steps throughout the year to reduce its plastics and fruit positions in light of decreased net sales and continued weakness in the economy.

Selling, General and Administrative Expenses decreased 1.5% for the current nine month period for 2009 compared to the similar reporting period of 2008 as increases incurred for professional, legal and audit fees were offset by decreases in freight-out expenses for the interim period under review.

Depreciation and amortization expenses increased less than .4% for the first six months of 2009 compared to the similar reporting period of 2008 as fixed assets that became fully depreciated during the past twelve months approximated the amount of new assets placed into service.

Interest expense decreased $58,757 or 37.2% for the current reporting period compared to the similar reporting period for 2008. This is primarily due to the reduction in inventory mentioned above as Paradise, Inc.’s short-term borrowings from its revolving line of credit were reduced by more than $1.9 million as of September 30, 2009 compared to the similar reporting period of 2008.

Summary

Paradise Inc.’s consolidated net sales decreased 15.3% for the first nine months of 2009 compared to the similar reporting period of 2008 as customer orders for various glace’ fruit items and custom molding products have declined in line with the downturn in economic activity during the past year.

However, with more than 80% of Paradise, Inc.’s annual fruit segment net sales scheduled to begin in mid September of this year, no meaningful financial analysis can be developed from Paradise, Inc.’s current 2009 interim filing. As stated in all previous interim filings, only a full year’s reporting will provide the necessary information to determine the Company’s financial performance.

12

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE AND MARKET RISK – N/A

ITEM 4T. CONTROLS AND PROCEDURES

As of September 30, 2009, our President and Chief Executive Officer and Chief Financial Officer evaluated the Company’s disclosure controls and procedures, and they concluded that we maintain effective disclosure controls and procedures. There were no changes in our internal control over financial reporting during the quarter ended September 30, 2009.

Disclosure controls and procedures mean the methods designed to ensure that information that the Company is required to disclose in the reports that it files with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time periods required. Our controls and procedures are designed to ensure that all information required to be disclosed is accumulated and communicated to our management to allow timely decisions regarding disclosure. Our controls and procedures are also designed to provide reasonable assurance of the reliability of our financial reporting and accurate recording of our financial transactions.

A control system, however well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. There are inherent limitations in all control systems, and no evaluation of controls can provide absolute assurance that all control gaps or instances of fraud have been detected. These inherent limitations include the realities that the judgments in decision-making can be faulty, and that simple errors or mistakes can occur.

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings – N/A
Item 1A.	Risk Factors – N/A
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds – N/A
Item 3.	Defaults Upon Senior Securities – N/A
Item 4.	Submission of Matters to a Vote of Security Holders – N/A
Item 5.	Other Information – N/A

13

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits.

Exhibit Number	Description
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K.

None.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PARADISE, INC.
A Florida Corporation
/S/    MELVIN S. GORDON	Date: November 13, 2009
Melvin S. Gordon
Chief Executive Officer and Chairman
/S/    JACK M. LASKOWITZ	Date: November 13, 2009
Jack M. Laskowitz
Chief Financial Officer and Treasurer

14

EX-31.1

Exhibit 31.1

Sarbanes-Oxley Section 302

Certification of Chief Executive Officer

I, Melvin S. Gordon, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Paradise, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this quarterly report;

4. The small business issuer’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and

5. The small business issuer’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: November 13, 2009

/s/ Melvin S. Gordon

Melvin S. Gordon

Chief Executive Officer and Chairman

EX-31.2

Exhibit 31.2

Sarbanes-Oxley Section 302

Certification of Chief Financial Officer

I, Jack M. Laskowitz, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Paradise, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this quarterly report;

4. The small business issuer’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and

5. The small business issuer’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: November 13, 2009

/s/ Jack M. Laskowitz

Jack M. Laskowitz

Chief Financial Officer and Treasurer

EX-32.1

Exhibit 32.1

Certification of CEO and CFO Pursuant to

18 U.S.C. Section 1350 as Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Paradise, Inc. on Form 10-Q for the period ending September 30, 2009 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Melvin S. Gordon, as Chief Executive Officer of Paradise, Inc., certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of Paradise, Inc.

/s/ Melvin S. Gordon	Date: November 13, 2009
Melvin S. Gordon
Chief Executive Officer and Chairman

EX-32.2

Exhibit 32.2

Certification of CEO and CFO Pursuant to

18 U.S.C. Section 1350 as Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Paradise, Inc. on Form 10-Q for the period ending September 30, 2009 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jack M. Laskowitz, as Chief Financial Officer of Paradise, Inc., certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of Paradise, Inc.

/s/ Jack M. Laskowitz	Date: November 13, 2009
Jack M. Laskowitz
Chief Financial Officer and Treasurer